Lindbrook Capital LLC Acquires 119 Shares of F5, Inc. (NASDAQ:FFIV)

Lindbrook Capital LLC lifted its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 68.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 294 shares of the network technology company’s stock after acquiring an additional 119 shares during the period. Lindbrook Capital LLC’s holdings in F5 were worth $53,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its holdings in F5 by 13.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,812,095 shares of the network technology company’s stock valued at $292,001,000 after purchasing an additional 212,784 shares during the last quarter. Westfield Capital Management Co. LP lifted its holdings in F5 by 6.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 748,118 shares of the network technology company’s stock valued at $120,552,000 after purchasing an additional 44,758 shares during the last quarter. Northern Trust Corp lifted its holdings in F5 by 6.6% during the 3rd quarter. Northern Trust Corp now owns 709,879 shares of the network technology company’s stock valued at $114,390,000 after purchasing an additional 43,704 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in F5 by 203.5% during the 3rd quarter. Acadian Asset Management LLC now owns 484,516 shares of the network technology company’s stock valued at $78,052,000 after purchasing an additional 324,886 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its holdings in F5 by 42.0% during the 3rd quarter. Retirement Systems of Alabama now owns 370,910 shares of the network technology company’s stock valued at $59,768,000 after purchasing an additional 109,666 shares during the last quarter. 90.66% of the stock is owned by institutional investors.

Insider Transactions at F5

In other news, CFO Francis J. Pelzer sold 500 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $182.31, for a total transaction of $91,155.00. Following the completion of the sale, the chief financial officer now owns 32,290 shares of the company’s stock, valued at $5,886,789.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Francois Locoh-Donou sold 6,400 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $188.02, for a total transaction of $1,203,328.00. Following the completion of the transaction, the chief executive officer now owns 123,251 shares in the company, valued at $23,173,653.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Francis J. Pelzer sold 500 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $182.31, for a total transaction of $91,155.00. Following the transaction, the chief financial officer now owns 32,290 shares of the company’s stock, valued at approximately $5,886,789.90. The disclosure for this sale can be found here. Insiders sold 10,201 shares of company stock valued at $1,908,065 over the last quarter. Corporate insiders own 0.58% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $204.00 price target on shares of F5 in a report on Friday, February 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $220.00 target price on shares of F5 in a research note on Tuesday, February 13th. KeyCorp boosted their target price on shares of F5 from $186.00 to $204.00 and gave the stock an “overweight” rating in a research note on Thursday, January 18th. JPMorgan Chase & Co. boosted their target price on shares of F5 from $197.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Finally, The Goldman Sachs Group boosted their target price on shares of F5 from $156.00 to $179.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, F5 presently has a consensus rating of “Hold” and an average target price of $192.22.

F5 Stock Performance

Shares of NASDAQ FFIV opened at $181.85 on Friday. The stock has a market cap of $10.69 billion, a P/E ratio of 23.65, a P/E/G ratio of 2.65 and a beta of 1.11. The firm has a 50 day moving average price of $187.67 and a 200 day moving average price of $176.08. F5, Inc. has a 52-week low of $129.93 and a 52-week high of $199.49.

F5 (NASDAQ:FFIV) last released its quarterly earnings results on Monday, January 29th. The network technology company reported $3.43 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.39. F5 had a net margin of 16.43% and a return on equity of 20.81%. The company had revenue of $693.00 million during the quarter, compared to analysts’ expectations of $684.77 million. During the same quarter in the prior year, the company earned $1.65 earnings per share. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. Analysts predict that F5, Inc. will post 9.59 earnings per share for the current fiscal year.

F5 Company Profile

F5, Inc provides multi-cloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region. The company's distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud.